The Good News
Most hospitals with Medicare claims are missing more than $1 million in revenue that is owed to them and waiting to be retrieved. Though Medicare provides reimbursement for $3.5 billion per year for Medicare bad debts, hospitals typically underreport those debts by 4% – 7% every year. That’s earned cash not hitting the bottom line.
Claiming the Gold
This seems like low-hanging fruit, so why are those critical dollars being missed? Hospitals just don’t have the staff to chase the data, identify unreported detail and then file the amended paperwork to retrieve those dollars.
This is why Meduit has developed the Meduit Government Reimbursement solution. Here’s how it works:
The Meduit Government Reimbursement team has helped over 250 hospitals, and our success rate is 100% in identifying unrealized revenue.
Get a free, customized report detailing the dollar recovery potential for your hospital here: